It has estimated that the TAFE system generates more than $6 billion in direct economic activity each year, while its total annual economic benefit is $92.5 billion. This equates to 4.5% of Australia’s GDP.
The Centre for Future Work has urged the federal government to increase the proportion of public funding for vocational and educational training that is allocated to the TAFE system:
Training will play a vital role in reorienting the economy after the pandemic…
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